The recent consolidated price of Bitcoin below $100,000 has provided other crypto assets a platform to shine. Solana is picking up steam, with analysts expecting a surge to $300 as its ecosystem expands. Meanwhile, the rising star in PayFi, Remittix, is attracting attention with a possible 400% rally fueled by its crypto-to-fiat payment solutions and positive presale performance.
Bitcoin’s Rollercoaster Quarter: From Record Highs to Institutional Confidence
The average cost of mining Bitcoin increased 13% to $55,950 during Q3 2024, undermining public miners. Meanwhile, Bitcoin jumped 48% to hit the six-figure mark.
Bitcoin dipped to $92,442 on December 23 from over $108,000 on December 17. Though Bitcoin briefly retreated to $95,000 on December 24 before settling at $94,000, it stayed down over 11% over the last 7 days. Even so, BTCUSD is still up nearly 50% in Q4, according to Cointelegraph Markets Pro and TradingView.
Institutional investors remain bullish. MicroStrategy added 5,262 BTC to its holdings, now worth $41.6 billion, while Metaplanet and Hut 8 also increased their stakes. Despite $1.2 billion exiting U.S. Bitcoin ETFs, optimism persists, with many expecting a renewed rally in the near future.
Solana Gains as SONIC Airdrop Looms
Solana (SOL) has gained over 4% this week, reaching $191 after bouncing off a key trendline that acted as support. This trendline, along with other marking lows from April and August, formed a descending channel where prices ranged between March and October.
In November, Solana broke out of this channel, signaling a bullish trend. It surged past $260 before pulling back to the breakout point last week. Since then, Solana has dropped 11%, with trading volume falling 8% in the last 24 hours.
Future upgrades could drive Solana’s growth. Solana’s layer-2 blockchain, Sonic, will airdrop SONIC tokens to TikTok users due to the success of the SonicX game, which has over 2 million players, which could drive Solana’s bullish momentum.
Even better, the SEC might approve Solana ETFs by late 2025, pushing SOL’s price to $300.
Remittix: Redefining Global Payments with Seamless Crypto-to-Fiat Solutions
Remittix is revolutionizing fiat-to-crypto payments, making global transactions seamless. With just a click, users can send fiat directly to any bank account from their crypto wallets. This innovative solution empowers both crypto holders and businesses to bridge the gap between digital assets and traditional currencies anytime, anywhere.
Built on Ethereum’s blockchain, Remittix simplifies converting crypto to fiat across various regions. Use over 40 different cryptocurrencies to send FIAT like USD, GBP, EUR etc to bank accounts world wide. Not only does this solve a huge problem that currently exists with fiat off ramps in the crypto space, this could potentially aid mass adoption and unlock a whole new layer of liquidity coming into the industry. Leaving Remittix well positioned to lead the PayFi movement, projected to hit $250 trillion by 2027, it represents the future of on-chain micro-payments.
The project is gaining traction, with its presale offering a $250,000 competition for participants completing simple tasks. The Remittix platform boasts a user-friendly design and efficiency challenge platforms like Stripe, Wise, and Coinbase while drawing attention from Solana and Bitcoin investors.
Remittix’s PayFi ecosystem is powered by $RTX, a governance token that gives users control. VIP investors enjoy premium voting rights, influencing key decisions. To encourage long-term holding, the platform offers staking rewards with very competitive annual yields.
The presale is selling out quickly as early adopters recognize its strong utility. Currently priced at just $0.0163, $RTX tokens are expected to rise by almost 1,000% in value before the presale ends.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
